I came across the following command that supposedly lets you roll back to media player 6.4 or somthing
RunDll32 advpack.dll,LaunchINFSection %windir%\INF\wmp.inf,Uninstall
I'm giving serious thought to reformating this system at home so I went ahead and ran it, so far so good. I dunno if it removed this mystery process/dll that Skuzzy mentions or not. But if I notice an improvement in anything I'll let you guys know.